BNP Paribas Real Estate has been appointed to handle the European Bank for Reconstruction and Development’s move to its new 360,000 sq ft HQ in Canary Wharf.
EBRD agreed to the lease the top 12 floors at 1-5 Bank Street, E14, on a lease of more than 10 years, earlier this year.
The deal was led by BNP PRE’s leasing team. It was the biggest leasing transaction in H1 2018 and the biggest new letting in Canary Wharf since 2016.
BNP PRE will now appoint a team to manage the consultant procurement, design, construction and migration, with handover and occupation anticipated at the end of 2022.
Tim Edmunds, director of project management at BNP PRE, said: “Working closely with our colleagues in the leasing team has really put us one step ahead and allowed us to better understand what the bank wants to achieve with its new home. It’s an incredibly exciting journey to be part of, from finding the bank’s HQ to continuing this relationship and completing the project with them.”
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